The U.S. dollar hit a nine-month peak in Asia on Monday as the risk of faster domestic inflation and wider budget deficits sent Treasury yields ever higher, a painful mix for assets in many emerging market countries.
The reflation trade saw E-mini futures for the S&P 500 ESc1 add another 0.5 percent and spread betters pointed to solid opening gains for the major European bourses.
The dollar bounded above 107 yen in brisk trade to hit 107.43 JPY=, while the euro touched its lowest since January around $1.0773 EUR=. It also made a nine-month high against a basket of currencies .DXY.
Read More: http://www.reuters.com/article/us-global-markets-idUSKBN1380YM
Source: Reuters (14 November 2016)